Singapore developers expect slump

Singaporean developers are acting more and more gingerly in how much money they are willing to invest in private home sites. According to a research report, private home prices could be expected to decline a total of eight per cent this year.
Hence, developers have to factor the lowering of prices for their homes into their sums when deciding on a how much to put up on a purchasable plot. The BNP Paribas released a research report that showed an estimated 100 government land sale bids between 2007 until last month………………………………………..Full Article: Source